Amending the Brownfield plan to approve tax increment
financing and eligibility for Michigan Business Tax Credit incentive
for the 2800 Jackson Brownfield Redevelopment Project in the city of
Ann Arbor

Total TIF Capture of $665,040

To cover eligible activities including asbestos and lead
abatement, demolition, and site and work plan preparation in the
amount of $ 569,414

WCBRA administrative expenses in the amount of $
26,623

WCBRA Local Site Remediation Revolving Fund in the amount of
$ 59,604

To abate lead and asbestos contamination to redevelop
functionally obsolete property

To increase the annual tax revenue by $ 956,600, of which
Washtenaw Countys portion is projected at $ 86,299, once all eligible
costs are reimbursed (estimated at 5 years)

This plan has been approved by the Washtenaw County
Brownfield Redevelopment Authority (WCBRA) and the city of Ann
Arbor

Amending the Brownfield plan to approve tax increment
financing and eligibility for Michigan Business Tax Credit incentive
for the Maple Shoppes Brownfield Redevelopment Project in the city of
Ann Arbor

Total TIF capture of $ 1,209,027

To cover eligible activities including asbestos and lead
survey and abatement, demolition, environmental cleanup,
infrastructure improvements and site and work plan preparation in an
amount not to exceed $ 1,010,042

WCBRA administrative expenses in the amount of $
52,571

WCBRA Local Site Remediation Revolving Fund in the amount of
$ 105,132

To clean up contaminated property historically occupied by
auto repair and maintenance facilities

To build $7.8 million retail development including a new ALDI
food center

Amending the Brownfield plan to approve tax increment
financing and eligibility for Michigan Business Tax Credit incentive
for the 601 Forest, LLC Green Urban Living Brownfield Redevelopment
Project in the City of Ann Arbor

Total TIF capture of $ 10,119,689

To cover eligible activities including environmental
assessment and reporting, environmental remediation, asbestos
abatement, demolition, infrastructure improvements and site and work
plan preparation not to exceed $ 8,877,460

WCBRA administrative expenses in the amount of $
353,483

WCBRA Local Site Remediation Revolving Fund in the amount of
$ 887,746

To abate asbestos contamination

To build $82.8 million 14-story mixed-use housing development
with retail and office uses on the first two floors with LEED Silver
certification